Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets

From coindesk.com

Activity in bitcoin options listed on the Chicago Mercantile Exchange (CME) surged Wednesday as investors traded call options, or bullish bets. • According to data source Skew, the CME traded $48 million worth of options during the day, the highest daily volume figure since July 28. • The number marks a 300% rise from Tuesday's figure of $12 million. • "The CME options had a strong session, and the spike in the volume was mainly due to increased activity in call options," Skew's CEO Emmanuel Goh told CoinDesk over Telegram. • Options are derivative contracts used to hedge against sudden price swings or ... (full story)